← Top stories
Market move▲ Bullish for Reliance Industries
US fuel supplies hit 12-year low as global refining crisis rages on
The brief
- US gasoline stockpiles fell to 204 million barrels last week, a 12-year low
- Refining tightness may support margins for Indian refiners such as Reliance Industries and HPCL
- Indian refiners buy costly West Asian barrels as Russian supply narrows
- India loses 6.2 million LPG customers in months as Iran war hits Gulf supplies